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Pepper falls on profit-booking

However, reports of thin supplies into the spot markets limited the fall

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Press Trust of India New Delhi

Pepper prices declined by 0.13% to Rs 43,765 per quintal in futures trading today on emergence of profit-booking by speculators amid weak exporters demand.

However, reports of thin supplies into the spot markets limited the fall.

At the National Commodity and Derivatives Exchange, the November contract for pepper fell by Rs 55, or 0.13%, to Rs 43,765 per quintal, with an open interest of 4,042 lots.

The October contract shed Rs 5, or 0.01%, to Rs 43,900 per quintal in 1,845 lots.

Marketmen said profit-booking by speculators after recent gains and weak export demand mainly led to a decline in pepper prices at futures trade.

 

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First Published: Oct 11 2012 | 1:53 PM IST

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